45%) over the end of 2006. The external debt to GDPratio increased by 4.9 percentage points ... has maintained a good ratio of external debt to exports of goods and services primarily ... measured by the ratio of debt repayments to goods and services exports, trending

reform with our debt and deficit situations as bad as they are? Figures 3 and 4 can ... in Figure 3, the bar charts. They show the fraction of GDP we have to spend on interest (read against the left hand scale). Interest claims jump from roughly 1% of GDP

but its debtservice payments will increase to 16 percent of revenue over the same period—below the debt stress ratio of 20 percent (Figure 1). This suggests ... without jeopardizing the state’s debtservice capacity. Tamil Nadu may even avoid